Paints and Coatings Market Is Estimated to Reach USD 249.6 Billion in 2024

DataBridge Market Research
5 min readAug 14, 2020


Paints and Coatings Market Is Estimated to Reach USD 249.6 Billion in 2024

The Global Paints and Coatings Market is estimated to reach USD 249.6 Billion in 2024 at a CAGR of 4.4%. The paints and coating market is experiencing robust growth owing to the rising construction activities and increasing production and sales of the automotive vehicles. With the growing global economy, higher spending is allocated for the construction of the residential and non-residential infrastructure, which is further pushing the market growth uphill. However, fluctuating oil and other raw material prices is likely to hinder the growth of this market.

Paints and coatings are the composition obtained from the synthetic or natural source, which aims to impart color and/or protection to the surface applied. In addition to this, it is used to improve aesthetics and to decorate the surface. These are widely demanded in the range of industries including packaging, automotive, construction, marine, and manufacturing.

Some key players of the market BASF SE, Akzo Nobel, Nippon Paint, Sherwin Williams Valspar, PPG Industries, RPM Inc., Axalta Coating Systems, SACAL Paints, Kansai Paint Co., Ltd. and Diamond Vogel Paints among others.

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Paints and Coatings Market: Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global paints and coatings market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks.

  • On the basis of source, the market is segmented into ores and clays, crude oil, and seeds, and beans.
  • By resin, the paints and coatings market is segmented into acrylic, polyurethane, epoxy, polyesters, and others.
  • By technology, the market is segmented into water-based, solvent-based, powder coating, and UV cured coating.
  • By application, the market is further classified into architectural coatings, automotive OEM coatings, automotive refinish coatings, traffic marking paint, marine paint, packaging coatings, and others.
  • The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, and the Middle East and Africa, with individual country-level analysis.

List of the leading companies operating in the Paints and Coatings market include:

  • BASF (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Akzo Nobel
  • Nippon Paint
  • Sherwin Williams Valspar
  • PPG Industries
  • RPM Inc.
  • Axalta Coating Systems
  • SACAL Paints
  • Kansai Paint Co., Ltd.
  • Diamond Vogel Paints

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Paints and Coatings Market: Report Scope

The report on this market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Paints and Coatings Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Paints and Coatings Market, by Source

  • Ores and Clays
  • Crude Oil
  • Seeds and Beans

Paints and Coatings Market, by Resin

  • Acrylic
  • Polyurethane
  • Epoxy
  • Polyesters
  • Others

Paints and Coatings Market, by Technology

  • Water-Based
  • Solvent-Based
  • Powder coating
  • UV cured coating

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Paints and Coatings Market, by Application

  • Architectural and Decorative Coatings
  • Automotive OEM Coatings
  • Automotive Refinish Coatings
  • Packaging Coatings
  • Traffic Marking Paints
  • Marine Paints
  • Others (Wood Coatings)

Paints and Coatings Market by Region

  • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
  • North America (US, Canada, Mexico)
  • Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
  • Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
  • South America (Brazil, Argentina, Rest of South America)

Key Questions answered by the report

  • What are the major developments impacting the global market and its growth?
  • What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
  • What are the evolving types of the global market?
  • What are the evolving applications of global market?
  • What are the major characteristics that will affect the global market growth during the study period?
  • Who are the key players operating in the global market?
  • How are the major players leveraging in the existing market conditions?

Table of Content

  6. PAINTS AND COATINGS MARKET BY SOURCE, Market Size in USD Million and Volume (Kiloton) (2017–2024)
  7. PAINTS AND COATINGS MARKET BY RESIN, Market Size in USD Million and Volume (Kiloton) (2017–2024)
  8. PAINTS AND COATINGS MARKET BY TECHNOLOGY, Market Size in USD Million and Volume (Kiloton) (2017–2024)
  9. PAINTS AND COATINGS MARKET BY TECHNOLOGY, Market Size in USD Million and Volume (Kiloton) (2017–2024)
  10. PAINTS AND COATINGS MARKET BY REGION, Market Size in USD Million and Volume (Kiloton) (2017–2024)

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About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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